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How to Spend Your Time and Money Better (with Nobel Prize Winner Richard Thaler)

The Happiness Lab with Dr. Laurie Santos

00:00

Origins, Homo Economicus, and The Winner’s Curse

Thaler recounts the book's origin, defines the rational agent model, explains the winner’s curse with jar and oil-lease examples, and presents evidence people aren't purely selfish from ultimatum and wallet-return studies.

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